Analysis

New Condos That Saw Prices Fall Soon After Completion: What Went Wrong?

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Steve
Steve
4 years ago

Do you think the condos in Bartley area is a good buy at the moment? There is Bartley Residence, Ridge, Botanique, and Oasis Garden to name a few.

Stacked Homes
Admin
4 years ago
Reply to  Steve

Hey Steve! We love Bartley area – particularly Bartley Ridge. Have discussed this with several homebuyers before. It’s quite centrally located, close proximity to MRT and away from traffic noise Would also recommend Bartley Residence.

Chew
Chew
3 years ago

I loves to hear from u about Hillsta. Price wasn’t increase after 5Yrs TOP. U think price will increase in next few yers?

Brendan
Brendan
3 years ago

The prices of new condos drop because when they are launched, they are asking too high and many people fall for them because there is so much hype about them. However, when the condos are not so new anymore, the reality sets in and the prices will drop as they are not worth the initial launching prices. Only buy condos in areas which have strong fundamentals and are freehold. Resale condos are better choices!

Stacked Homes
Admin
3 years ago
Reply to  Brendan

Hi Brendan, yes you’re right. In most cases, the purchase price was just too high, so it’s important to be aware whether one is paying too much. However, it may not always be the case that freehold is superior, especially if the leasehold was priced attractively

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